Asia: Wood Residues Market 2024

Wood Residues Market Size in Asia

In 2020, the Asian wood residues market increased by X% to $X, rising for the fifth consecutive year after two years of decline. Over the period under review, consumption, however, saw a buoyant increase. Over the period under review, the market attained the maximum level in 2020 and is expected to retain growth in the immediate term.

Wood Residues Production in Asia

In value terms, wood residues production expanded notably to $X in 2020 estimated in export price. In general, production, however, posted prominent growth. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. The level of production peaked in 2020 and is likely to see gradual growth in the near future.

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Wood Residues Exports

Exports in Asia

In 2020, overseas shipments of wood residues increased by X% to X cubic meters, rising for the third year in a row after two years of decline. Total exports indicated a buoyant increase from 2012 to 2020: its volume increased at an average annual rate of X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2015 with an increase of X%. The volume of export peaked in 2020 and is expected to retain growth in the near future.

In value terms, wood residues exports expanded slightly to $X in 2020. The total export value increased at an average annual rate of X% from 2012 to 2020; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of X%. The level of export peaked at $X in 2015; however, from 2016 to 2020, the exports remained at a lower figure.

Exports by Country

Vietnam dominates exports structure, amounting to X cubic meters, which was near X% of total exports in 2020. It was distantly followed by Malaysia (X cubic meters), comprising a X% share of total exports. Thailand (X cubic meters), China (X cubic meters) and Democratic People's Republic of Korea (X cubic meters) held a little share of total exports.

From 2012 to 2020, average annual rates of growth with regard to wood residues exports from Vietnam stood at X%. At the same time, Thailand (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2020. Democratic People's Republic of Korea experienced a relatively flat trend pattern. By contrast, China (X%) and Malaysia (X%) illustrated a downward trend over the same period. From 2012 to 2020, the share of Vietnam and Thailand increased by X and X percentage points, respectively.

In value terms, Vietnam ($X) remains the largest wood residues supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by China, with an X% share.

From 2012 to 2020, the average annual growth rate of value in Vietnam stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and China (X% per year).

Export Prices by Country

The export price in Asia stood at $X per cubic meter in 2020, dropping by X% against the previous year. In general, the export price recorded a noticeable contraction. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The level of export peaked at $X per cubic meter in 2012; however, from 2013 to 2020, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, amid the top suppliers, the country with the highest price was Malaysia ($X per cubic meter), while Thailand ($X per cubic meter) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced mixed trends in the export price figures.

Wood Residues Imports

Imports in Asia

In 2020, imports of wood residues in Asia contracted slightly to X cubic meters, approximately equating the previous year. Total imports indicated a resilient expansion from 2012 to 2020: its volume increased at an average annual rate of X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by X% against 2018 indices. The growth pace was the most rapid in 2016 with an increase of X%. As a result, imports attained the peak of X cubic meters. From 2017 to 2020, the growth of imports remained at a somewhat lower figure.

In value terms, wood residues imports rose notably to $X in 2020. Total imports indicated strong growth from 2012 to 2020: its value increased at an average annual rate of X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by X% against 2012 indices. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. The level of import peaked in 2020 and is likely to see gradual growth in the near future.

Imports by Country

South Korea was the major importer of wood residues in Asia, with the volume of imports accounting for X cubic meters, which was near X% of total imports in 2020. It was distantly followed by China (X cubic meters), comprising a X% share of total imports. Thailand (X cubic meters), Hong Kong SAR (X cubic meters), Japan (X cubic meters) and Nepal (X cubic meters) held a minor share of total imports.

From 2012 to 2020, average annual rates of growth with regard to wood residues imports into South Korea stood at X%. At the same time, Hong Kong SAR (X%), China (X%) and Nepal (X%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2020. By contrast, Japan (X%) and Thailand (X%) illustrated a downward trend over the same period. From 2012 to 2020, the share of South Korea and China increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X) constitutes the largest market for imported wood residues in Asia, comprising X% of total imports. The second position in the ranking was held by China ($X), with an X% share of total imports. It was followed by Hong Kong SAR, with a X% share.

In South Korea, wood residues imports increased at an average annual rate of X% over the period from 2012-2020. In the other countries, the average annual rates were as follows: China (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

The import price in Asia stood at $X per cubic meter in 2020, with an increase of X% against the previous year. Over the last eight years, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2018 an increase of X%. The level of import peaked in 2020 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per cubic meter), while Thailand ($X per cubic meter) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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